SLEEPZ AG — Earnings Release 2001

Mar 18, 2002

News Details

Ad-hoc | 18 March 2002 14:31

bmp AG english

bmp AG: Prelimenary Results For The Fiscal Year 2001 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– bmp AG: Prelimenary Results For The Fiscal Year 2001 Berlin, March 18th 2002 bmp reports a prelimenary consolidated net loss of 62,6 million EUR (of which 42,7 million EUR are accountable directly to bmp AG) for the fiscal year 2001. As a result of few exits of investments and due to the completed sell-off of the consulting subsidiaries revenues decreased by 87% to 6,4 million EUR. EBITDA was -10.4 million EUR and EBIT -59.8 million EUR which leads to -1,15 EUR earnings per share according to DVFA-standards. Main reason for the high consolidated net loss is the depreciation of financial assets which were caused partly by bankrupcy of investments and partly because of taken risk provions on investments. At the same time operating costs in the fiscal year 2001 decreased by 28% to 14.5 million EUR. The comparison between Q4/2001 and Q4/2000 shows a significant decrease by 72%. Projected operating costs for 2002 will be 3.0 million EUR (minus 79% versus 2001). Per December 31th 2001 cash amounted 6.9 million EUR. According to a worst case scenario (including all liabilities and without any revenues from portfolio exits) this cash amount will last until 2003. 1.8 million EUR were direct liabilities payable to banks. All other liabilities payable to banks are project related liabilities from Kreditanstalt für Wiederaufbau (KfW). These liabilities are secured by the assignment of all claims of bmp AG from the respective investments to the KfW. For 2002, the executive board expects a difficult market environment and therefore calculates with moderate exit opportunities. Contact: Alexander Faust Manager Investor Relations Charlottenstr. 16 10117 Berlin Phone: +49-30-20 30 50 Fax: +49-30-20 30 55 55 http://www.bmp.com German Stock ID: 523 540 Outstanding Shares: 54.25 million individual shares Index: SDAX/SMAX/CDAX end of ad-hoc-announcement (c)DGAP 18.03.2002 ——————————————————————————– WKN: 523540; ISIN: DE0005235402; Index: SDax Listed: Amtlicher Handel in Frankfurt (SMAX); Freiverkehr in Berlin, Bremen, Düsseldorf, Hamburg, München und Stuttgart 181431 Mär 02